Crypto Update | The Influential Force of Stablecoins Are Shaping Crypto's Road to Recovery

Bitcoin drifts around 27k awaiting Jerome Powell's expected speech later today and what are markets saying about crypto’s path to a sustainable recovery;  CoinDesk’s “Markets Daily” is back with the latest news roundup. Today's Stories:  BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System Market Watch Links:  BRN00 | Brent Crude Oil Continuous Contract Overview | MarketWatch  Bitcoin in Stasis Below $27K Ahead of Powell Speech Crypto Market Recovery Unlikely Until Stablecoin Universe Stops Shrinking: JPMorgan BlockFi Creditors Say Crypto Lender Was a Victim of Bad Management DLT-Powered Financial Markets Could Save $100B Per Year, TradFi Study Says Lightning Labs Releases 'Better' Version of Token Minting on Bitcoin After BRC-20s Clog System Coinbase Officially Opens Subscription Service; Expands Reach Outside U.S. This episode was edited by Ryan Huntington, and Senior Producer is Michele Musso. All original music by Doc Blust and Colin Mealey.